Manufacturing

MAIRE Tecnimont has received the green light to initiate engineering works for the nitric acid and ammonium nitrate plant. This strategic endeavor is a collaboration with KIMA, the Egyptian Chemical Industries Company.

BTR New Material Group, a major player in the global electric vehicle battery components sector, has announced a groundbreaking investment of $500 million. This substantial capital injection is earmarked for the establishment of a state-of-the-art cathode manufacturing plant in Morocco.

BioNTech, the German biotech giant, has officially launched its state-of-the-art vaccine manufacturing facility in Kigali, Rwanda. The $150 million project, fully funded by BioNTech, has materialized a year after the laying of its foundation.

In a strategic maneuver, Bamburi Cement is poised to divest its 70 percent stake in Ugandan subsidiary Hima Cement for a substantial $84 million (Sh12.7 billion). This pivotal decision not only fortifies Bamburi's financial standing but also aligns with the broader strategy of its parent company.

Universal Corporation Limited, a Kenyan pharmaceutical company, has set a significant milestone by becoming the first African manufacturer to receive the World Health Organization (WHO) approval for the production of a life-saving malaria drug, a remarkable feat for African healthcare.